Risk Services Of Arkansas - May 2018

1501 Mart Dr. Little Rock, AR 72202 501.666.6653


INSIDE This Issue

Why ‘Ego Is the Enemy’ page 1

Are Values the Antithesis of Profit? The Radical Transparency of Ray Dalio’s ‘Principles’ page 2 Driving Distracted? Expect Higher Premiums Sudoku page 3

3 Common-Risk Categories page 4


FromThese Common-Risk Categories

liability to your company. You should adopt a zero-tolerance approach to discrimination and harassment. Employees and job candidates should be judged on their work and qualifications, not their age, race, gender, sexual orientation, or religious affiliation. It’s also a good idea to establish conflict- resolution procedures so that a disgruntled employee’s first recourse isn’t to call a lawyer. THEFT Loss-prevention analysis is a huge segment of the risk- assessment industry. All companies that deal with goods, and even most that don’t, have to deal with shrinkage. If you don’t know where you’re losing supplies, you’ll never be able to cut down on the amount of items that go missing. You should perform regular inventory of all company-owned materials, ensuring that you catch any stolen items early. Good luck getting back stolen property that’s been missing for months. The best way to guarantee that your risk management is up to speed is a comprehensive risk assessment. Call us today at 501.666.6653 to schedule a consultation tailored to the specific needs of your business.

Running a business can be, ahem , risky business. If you’re not mindful of all the potential liabilities within your company, you could end up battling for your livelihood in court. Losses come in many shapes and sizes, some of which are specific to particular industries. The following three categories of risk, however, are universal concerns. Is your business exposed to any of them? HAZARDOUS CONDITIONS Expecting employees to work in a dangerous environment is a surefire way to get slapped with a lawsuit. Government agencies like the Occupational Safety and Health Administration (OSHA) have strict guidelines regarding what constitutes a safe workplace. Any equipment you use should be properly inspected, hazardous materials must be labelled as such, and dangerous chemicals need to be properly stored. Any employee working with heightened risk factors needs to be trained on how to perform their job safely. BAD PRACTICES While they may not be as physically dangerous as exposed wires, unethical business practices can pose just as much of a

4 • www.insurica.com • Specialized Insurance Programs for Specialized Industries.

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